575 billion dollars annually costs of cyber crimes in different countries of the world

Media In / Riyadh 6 November 2018
The Saudi Telecommunications Company (STC) has confirmed that the cost of cybercrime in the world reaches 575 billion dollars a year and that 72% of cybercrime is caused by human error.
The company has taken great strides in cybersecurity, with an emphasis on investment in capacity-building for technical infrastructure, as well as partnerships with major companies and organizations specializing in cybersecurity in the world ”
The expected growth rate in the cyber security market in the Kingdom is estimated at 8% next year 2019, and the size of the cybersecurity market in the Kingdom amounted to about 1.5 billion Saudi Riyals according to the statistics of companies specialized in marketing research during the year 2018.